The altcoin market is extremely dynamic as a market that changes at any moment. The points to be considered in the selection of altcoins are to follow this market instantly, to monitor developments in the economy on a global scale, to be patient, and in the selection of altcoins, the strong projects of the founding companies should be investigated. Empty projects always cause damage. Choosing stable altcoins that have managed to enter the largest stock exchanges in the world, whose history is promising, dynamically using social networks, is a task that requires time and experience.

However, it can still be useful to get an idea by watching bona fide Youtubers who have gained certain experiences in the altcoin market through trial and error. One of the golden rules is to try not to make purchases during the rise of altcoins that are inflated by someone. Because there is always a danger of manipulation of investors with a thick neck, which is called a whale. They perform this manipulation simply by making loaded purchases, and when the trend is on the rise, they pull the altcoin they are targeting to the bottom by selling at once.

Therefore, when choosing an altcoin, it is useful to consider the points to be considered when choosing an Altcoin whether large investors have made purchases recently. Another rule of thumb is to take into account whether the BTC unit's dominance rate in the market remains at 61-62 percent. When the dominance rate rises, it means that the altcoins will go into decline. Buying altcoins that have recently been inflated and have reached an all-time high and have reached saturation while they are at a high can cause damage. Points to be considered when choosing Altcoins for new investors:

1.The maximum supply volume is low.

The volume in circulation is small.

2.Detection of the highest and lowest point at all times.

3.The activities of the selected altcoin on social networks

4.Determination of whether the big whales have invested in the selected altcoin.

5.The status and vision of the companies behind the selected altcoin.

6.Checking whether the selected altcoin is listed on major exchanges.

7.Examination of all information and analysis of the selected altcoin on the Coinmarketcap site.

they are important points.

1.Not to buy altcoins that big investors are trying to inflate when they are on the rise.

2.Compare the charts of the last 90 days with the last 200 days.

3.To examine their values at the lowest and highest levels.

4.After making a decision on the altcoin, not to sell immediately when it lands.

5.Setting a lower limit on the stock market- putting a stop at a rate of 5 percent.

6.To set an upper limit on the stock exchange, to place a sell order when it is 2X.

7.Not engaging in Margin leverage transactions in the first place

Not to be overly excited and panicked.

these are the points that new entrepreneurs should pay attention to.

The information contained in this article is definitely not investment advice, if new investors decide to enter the cryptocurrency exchange, it is recommended to act with caution, be cautious and patient. It is important to always remember that there can be losses as well as gains. #Altcoin #cryptocurrency #BTC #bitcoin #BNB